Elon Musk has a blunt take on capitalism

Elon Musk, the Chief Executive of Tesla  (TSLA) - Get Free Report and the owner of around half a dozen other companies spanning the technology and software sector, is the world's richest man by a margin of nearly $50 billion. Musk, worth $204 billion after taking a multi-billion-dollar loss in the wake of Tesla's recently weak stock performance, is regarded by many as one of the most impactful innovators of his time. 

He helped usher in the age of electric vehicles; he remains intent on disrupting and evolving several layers of transportation, from space travel to highways; he is focused on applying artificial intelligence in a host of new sectors, from self-driving cars to brain implants. 

And he thinks capitalism, the for-profit economic and political system that has long existed in the U.S., is more than just a good thing. 

Related: Why Elon Musk changed his Tesla tune between the second and third quarters

"Capitalism," Musk wrote, highlighting the book "The Capitalist Manifesto: Why the Global Free Market Will Save The World," by Johan Norberg, "is not just successful, but morally right."

Norberg argues that the global free market has "created greater prosperity and more technological innovation than all the previous generations combined," citing evidence that shows capitalism has lifted "millions" from poverty. 

Norberg, a Senior Fellow at the Cato Institute, argued in a September post that the global supply chain highlighted during the Covid-19 pandemic is proof of this concept. 

Morally right with capitalism in the same sentence.